A plan to strengthen links between UK companies and the developing world by offering industrial placements to ‘future high-flyers’ is to be launched by the Department of Trade and Industry.
The Bond scheme offers placements of six months to a year in UK industries for up to 100 young overseas professionals. The scheme, to be managed by the British Council, supersedes the 50-year-old CBI Scholarships, which were limited to engineering graduates.
Bond will target countries outside the Organisation for Economic Co-operation and Development, including India, China, South Africa, Vietnam, Brazil, the Philippines, Egypt, Malaysia, Russia and Thailand.
To begin with, it will concentrate on the oil, gas and petrochemicals, power generation, telecoms, health, and food and drink sectors.
British Council scheme manager Martin Carney said typical candidates would be graduates with three years’ industrial experience in their home country.
Participating firms are charged a monthly £1,000 during the placement. The individual is paid directly by the scheme.